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File #: 2025-1685    Version: 1
Type: Resolution Status: In Standing Committee
File created: 3/28/2025 In control: Committee on Intergovernmental and Educational Affairs
On agenda: 4/1/2025 Final action:
Enactment date: Enactment #:
Effective date:    
Title: Resolution approving execution of a Contract for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Island Avenue Holdings, LLC, for the sale of Block 21-D, Lot 42-A, in the 27th Ward of the City of Pittsburgh (Island Avenue - Council District No. 2), at no cost to the City.
Indexes: URA DISPOSITION OF CONTRACTS
Attachments: 1. 2025-1685 Cover Letter-Island Avenue_Disposition Letter 3.25.25, 2. Summary 2025-1685

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Resolution approving execution of a Contract for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Island Avenue Holdings, LLC, for the sale of Block 21-D, Lot 42-A, in the 27th Ward of the City of Pittsburgh (Island Avenue - Council District No. 2), at no cost to the City.

 

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Whereas, the Urban Redevelopment Authority of Pittsburgh has requested authorization to execute a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Island Avenue Holdings, LLC, for the sale of Block 21-D, Lot 42-A, in the 27th Ward of the City of Pittsburgh, for the sum of $3,600 plus costs;

 

Whereas, the proposed Contract includes property that was purchased using the Industrial Land Reserve Fund; and

 

Whereas, the Council of the City of Pittsburgh believes that the proposed Contract is in the best interest of the City of Pittsburgh and desires to give its approval in accordance with the provisions of the Urban Redevelopment Law.

 

 

Be it resolved by the Council of the City of Pittsburgh as follows:

 

Section 1.                     That execution of the Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Island Avenue Holdings, LLC, for the sale of Block 21-D, Lot 42-A, in the 27th Ward of the City of Pittsburgh for the sum of $3,600 plus costs, be and the same is hereby approved.